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NAVI Navient Corporation

13.54
0.14 (1.04%)
After Hours
Last Updated: 20:01:58
Delayed by 15 minutes
Share Name Share Symbol Market Type
Navient Corporation NASDAQ:NAVI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.14 1.04% 13.54 13.26 13.82 13.76 13.22 13.30 600,204 20:01:58

Navient to sell Government Services business to Gallant Capital

23/12/2024 1:40pm

GlobeNewswire Inc.


Navient (NASDAQ:NAVI)
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From Dec 2024 to Mar 2025

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Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm.

Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees will be included in the transaction, which is expected to close in the first quarter of 2025, subject to certain conditions.

Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by Houlihan Lokey and WilmerHale.

About NavientNavient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com.

Contacts:Navient Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com Navient Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

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